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Kolibri Global Energy Inc. Announces Its 2024 Proved Reserves Increased 24 Percent to a Net Present Value of US$535 Million With a Five Well Drilling Program Currently Underway

1. Kolibri Global Energy's proved reserves increased by 24% to 40.2 million BOEs. 2. The company also reported a 15% growth in proved developed producing reserves.

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Why Bullish?

The significant growth in reserves typically drives positive sentiment for energy stocks. Historical increases in reserves have resulted in price appreciation for similar companies in the sector.

How important is it?

The direct correlation between reserves and financial performance makes this announcement significant for investors.

Why Short Term?

Positive reserve evaluations often lead to immediate market reactions, impacting stock prices shortly after announcements.

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THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI) is providing the results of its December 31, 2024, independent reserves evaluation. All amounts are in US$ unless otherwise stated. Wolf Regener, President and CEO, commented: “We are very pleased with the large growth we had in Proved Reserves, which grew by 24% to 40.2 million barrels of oil equivalent (“BOEs”), as well as our Proved Developed Producing (“PDP”) reserves, which grew by 15% to.

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